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Record PLC on Friday kept its full-year earnings expectations unchanged, as it posted an increase in assets under management. The Windsor, England-based specialist currency and asset manager said assets under management hit a new high of $115.9 billion at the end of its third-quarter ended December 31. This is up 15% from $100.5 billion a year prior. Record said this was driven by a combination of positive net flows and growth in underlying assets. It added that it was partially offset by currency movements. Performance fees also edged higher, rising 23% to £1.6 million from £1.3 million. This brought the year-to-date figure to £2.4 million, down 17% from £2.9 million. Record noted that average fee rates remained broadly unchanged from the prior quarter. Looking ahead, Record said its earnings expectations for the financial year remain unchanged. Shares in Record were up 0.5% at 54.27 pence on Friday afternoon in London. ‘At $115.9 billion, AUM ended another quarter at the highest level we have ever reported, following positive net flows and underlying asset growth,’ said Chief Executive Jan Witte. ‘We saw strong inflows and growth in underlying assets for Passive Hedging, and a second successive period of inflows for FX Alpha. It was also an excellent quarter for performance fees, with a further £1.6 million earned, bringing total performance fees for the year to date to £2.4 million.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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